USS Investment Management Ltd Buys New Holdings in Hafnia Limited (NYSE:HAFN)

USS Investment Management Ltd purchased a new stake in shares of Hafnia Limited (NYSE:HAFN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 74,826 shares of the company's stock, valued at approximately $399,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Hafnia by 125.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 11,754,312 shares of the company's stock worth $64,223,000 after buying an additional 6,530,482 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Hafnia by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 11,113,978 shares of the company's stock valued at $59,449,000 after acquiring an additional 190,352 shares during the period. Barclays PLC boosted its holdings in shares of Hafnia by 60.7% during the 4th quarter. Barclays PLC now owns 4,395,133 shares of the company's stock worth $24,481,000 after buying an additional 1,660,627 shares during the period. Marshall Wace LLP boosted its holdings in shares of Hafnia by 1,775.4% during the 4th quarter. Marshall Wace LLP now owns 2,124,012 shares of the company's stock worth $11,831,000 after buying an additional 2,010,753 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Hafnia by 6.4% during the 4th quarter. Nuveen Asset Management LLC now owns 1,773,846 shares of the company's stock worth $9,488,000 after buying an additional 106,567 shares during the period.

Hafnia Stock Performance

NYSE HAFN traded down $0.01 during trading hours on Friday, reaching $5.05. 1,359,450 shares of the company were exchanged, compared to its average volume of 1,858,011. The stock has a market capitalization of $2.56 billion and a P/E ratio of 2.98. The company has a quick ratio of 1.52, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The business's 50 day simple moving average is $4.59 and its 200-day simple moving average is $4.98. Hafnia Limited has a 1 year low of $3.61 and a 1 year high of $8.99.

Hafnia (NYSE:HAFN - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The business had revenue of $340.34 million for the quarter, compared to the consensus estimate of $250.80 million. Hafnia had a net margin of 53.44% and a return on equity of 36.90%.

Hafnia Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Monday, May 26th will be issued a dividend of $0.1015 per share. This represents a yield of 7.59%. The ex-dividend date is Friday, May 23rd. Hafnia's dividend payout ratio (DPR) is currently 33.06%.

Analyst Ratings Changes

Separately, Fearnley Fonds raised shares of Hafnia to a "strong-buy" rating in a research note on Tuesday, May 6th.

About Hafnia

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels.